– John F. Grimes, OSU Extension Beef Coordinator (originally published in The Ohio Farmer on-line)
The fall harvest season has been evident across Ohio over the past several weeks. This certainly applies to both grain farmers and beef cow-calf producers. Grain crops are being harvested and sold or placed in storage for future sales. Cattle producers have even more options as most of the spring 2018 calf crop has been weaned and decisions are being made as to whether calves should be sold as feeders, placed in backgrounding enterprises, sent to a feedlot, or heifers retained as future herd replacement females.
Many important beef management decisions are made late in the calendar year. Any owner or manager of an operation should have a basic awareness of the overall economic situation and long-term outlook for their segment of the beef industry. So where does the beef industry stand today?
The current cattle cycle that began earlier this decade is showing signs of coming to a conclusion. The beef industry has experienced an eventful decade that has seen a rapid decline in cowherd numbers followed by rapid expansion driven by record high prices in 2014 and 2015. Market prices have moderated more recently in response to increases in the supplies of all classes of beef animals. However, market prices have stabilized to the point of giving producers a reasonable chance of profitability. The U.S. consumer who is expected to purchase Continue reading Now Isn’t the Time for Business as Usual